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Dec 23, 2012
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to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves
to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been...
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Dec 30, 2012
12/12
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that cuts the deficit to 12-7. third quarter, same score. syracuse's pass deflected and right into the hands of becket rails. the teamwork to a touchdown and back in front by 12. later, prince tyson gullo the carry and kicks it outside. nobody, i mean nobody's going to catch him. 67 yards for the td and finishes with 215 rushing yards. wing it 38-14. >>> tomorrow is a meaningful sunday of football for many teams. some vying for homefield advantage, some a higher seed and some just a spot in the post season. 10612 play-off spots were clenched, including all six in the afc and that means two spots are up for grabs. will the redskins get one of those? this guy hopes so. robert griffin 3, his athletic age allowed the redskins to open up their offense and a threat with the legs, rushing for over 700 yards and six touchdowns and he has a canon of an arm. twenty touchdown passes, just five interceptions and griffin was also huge in the big every game this season with four touchdowns and back-to-back games, including on turkey day. the big save, of
that cuts the deficit to 12-7. third quarter, same score. syracuse's pass deflected and right into the hands of becket rails. the teamwork to a touchdown and back in front by 12. later, prince tyson gullo the carry and kicks it outside. nobody, i mean nobody's going to catch him. 67 yards for the td and finishes with 215 rushing yards. wing it 38-14. >>> tomorrow is a meaningful sunday of football for many teams. some vying for homefield advantage, some a higher seed and some just a...
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Dec 29, 2012
12/12
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in the second quarter, rallying back from a 17-point deficit and off the rebound. the perfect alley-oop for the dunk and had 11. the wizards led by 3 at the half. in the second half, this time gives it to a cutting nene down the lane. two of his 23 points and the wizards in front by 8. late in the third quarter, crawford from beyond the arc, hits the 3- pointer and with 27 points. the wiz defeat the magic, 105- 97 for the fourth victoriy of the season and the third at home. tonight, a road game against the chicago bulls. >> all right, okay. so, tucker, one last weather word. we know that things are looking weird out there. >> and that is a winning streak. it's looking word. the accuweather seven-day forecast and that is nice, maureen and 39 tomorrow, breezes pick up and that is cold overnight and partly sunny, tuesday, yeah, and a snow shower for the -- . >> and that is it. we're back at 10 and the news edge. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the tes
in the second quarter, rallying back from a 17-point deficit and off the rebound. the perfect alley-oop for the dunk and had 11. the wizards led by 3 at the half. in the second half, this time gives it to a cutting nene down the lane. two of his 23 points and the wizards in front by 8. late in the third quarter, crawford from beyond the arc, hits the 3- pointer and with 27 points. the wiz defeat the magic, 105- 97 for the fourth victoriy of the season and the third at home. tonight, a road game...
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Dec 28, 2012
12/12
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sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may not happen until 2013. a smaller deal would be temporary, sending congress back to work on the details next year. >> i am not ok with them waiting six months or year kick to get things done. >> jake sherman of "politico" predicts that we will go over the cliff. >> we will not see the government shut down our people not be able to pull money out of banks are things like that. >> still a tough sell for constituency growing tired of the political back-and-forth. >> let's get some things set in place and up and running. >> 1 line of thinking on the hill -- there are many -- if we do go over the cliff that would reset all of the tax issues suchissues. what we do know, the clock is ticking and the waiting game continues, with the house not even scheduled to be in session until sunday afternoon. live of the capitol, steve chenevey wjla. >> will monitor all the negotiations surrounding the fiscal cliff. coming up at 5:30, a closer look at how the country got in this fi
sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may not happen until 2013. a smaller deal would be temporary, sending congress back to work on the details next year. >> i am not ok with them waiting six months or year kick to get things done. >> jake sherman of "politico" predicts that we will go over the cliff. >> we will not see the government shut down our people not be able...
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Dec 22, 2012
12/12
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CNNW
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tax hikes on the rich alone will not put all that much of a accident in the national deficit. you could take away every dollar from the top 1% earners and it wouldn't fill the gap. we heard earlier in the week about chained cpi, a suggestion john boehner made for his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how much they go up by tracking a basket of goods that americans typically buy. this is important because it's used to calculate cost of living adjustments and social security. checks pay a little more each year in line with inflation as calculated by that consumer price index. now, one potential flaw in the system, consumer price index assumes people don't change their basket, if, say, the price of meat goes up. in other words, they don't switch from meat to chicken because the price of beef has gone up. they don't switch from, say, arugula to, i don't know, iceberg lettuce. it doesn't account fo
tax hikes on the rich alone will not put all that much of a accident in the national deficit. you could take away every dollar from the top 1% earners and it wouldn't fill the gap. we heard earlier in the week about chained cpi, a suggestion john boehner made for his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how...
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Dec 30, 2012
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separately is how do we bring down our deficit? do we attack social security entitlements, medicare, medicaid and that's this ideological struggle we're seeing between democrats and republicans that will continue in a series of skirmishes probably over the debt ceiling come february and ongoing until they finally have it out and resolve this for the long term. >> i think the white house's view in political terms is that how he handles himself on this sets the terms of engagement for those subsequent fights. again, a few weeks ago, when i was talking to people at the white house about how they were going to strategize this, they said look, this is a re-set moment and we've got to re-set sort of the balance of power from the 2011 talks. >> i think it's worth emphasizing on the numbers you mentioned the public overwhelming supports raises faxes on the wealthy but on the spending cuts they oppose cutting those programs in large numbers. when you get specific about that, don't cut that, don't cut that. >> hands off medicare. >> the pres
separately is how do we bring down our deficit? do we attack social security entitlements, medicare, medicaid and that's this ideological struggle we're seeing between democrats and republicans that will continue in a series of skirmishes probably over the debt ceiling come february and ongoing until they finally have it out and resolve this for the long term. >> i think the white house's view in political terms is that how he handles himself on this sets the terms of engagement for those...
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Dec 25, 2012
12/12
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you said you would cut the deficit in half. it's still four years later, we still have a trillion dollar deficit. >> a roller coaster where for a long time it was thought to be a foregone conclusion the president would win. >> let's not. let's let him respond. >> while mitt romney came on strong, the president's lackluster performance, looking down, scowling, growling, left many democrats stunned. >> they all assumed the fetal position and sobbed in unison. that was terrible. it was hard to watch, but some of the analysis afterwards really exposed some deficiencies in the democratic machine. >> for the republicans, it was arguably the best moment of the whole year for their candidate. >> i don't think his campaign really kicked into high gear until that first debate when he started to get some momentum. >> unfortunately for romney -- ♪ here i am >> it was also the best wake-up call for president obama who came alive in the next two encounters. >> we have to reduce our deficit but we have to do it in a balanced way. >> worst n
you said you would cut the deficit in half. it's still four years later, we still have a trillion dollar deficit. >> a roller coaster where for a long time it was thought to be a foregone conclusion the president would win. >> let's not. let's let him respond. >> while mitt romney came on strong, the president's lackluster performance, looking down, scowling, growling, left many democrats stunned. >> they all assumed the fetal position and sobbed in unison. that was...
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Dec 30, 2012
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the tax rates in place for incomes of $250,000, letting everybody else's expire to help go towards deficit reduction. but democrats in the talks have been willing to come up and that's another big gulf between the two of them on this issue of tax rates. >> dana bash, thanks for the latest update from capitol hill. let's get you checked in with other storyings trending on cnn.com. the death toll from russia in a plane crash has risen to five. the plane went off a runway at a russian airport. >>> two georgia boys, will soon be headed home after being missing for several days. henry and ben were found in austin, texas. police say their father, daniel cleary failed to return them home after a holiday visit. cleary is now in police custody. and who doesn't know the oakridge boys, the group sang for former president george h.w. bush while he's recovering in hospital. we'll talk to one of the band members. >>> let's do this one for you, you'll remember this one. ♪ amazing grace >> those are the oak ridge boys singing "amazing grace." the gospel turned country crooners brightened up the xli pres
the tax rates in place for incomes of $250,000, letting everybody else's expire to help go towards deficit reduction. but democrats in the talks have been willing to come up and that's another big gulf between the two of them on this issue of tax rates. >> dana bash, thanks for the latest update from capitol hill. let's get you checked in with other storyings trending on cnn.com. the death toll from russia in a plane crash has risen to five. the plane went off a runway at a russian...
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Dec 29, 2012
12/12
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unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as forts backup plan, there's no real likelihood that
unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal...
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Dec 30, 2012
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we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist told you his strong opposition to any tax increases of any sort. many republicans share his view. let's look at the economy. obviously across the board tax increases would hurt the economy. but what will the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowrie of the "new york times" is still with us. i always have to make sure my viewers understand i am not advocating for tax increases on the rich. i want to explain what could happen. i want to bring in jean za
we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most...
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Dec 30, 2012
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and this was all supposed to be an exercise in bringing down our deficit and our long-term debt and where we are right now, it doesn't appear that we are getting that done and even more importantly, it appears that republicans are still trying to protect the tippy top as opposed to looking after the greater good of the economy and middle class families. >> as far as you-all were told by the democratic leader, where do you think stands -- things stand right now? >> i think that there is a difference in terms of what we think the rates should be for -- and at what point there should be a tax cut and at what point there should be a little revenue that we should collect. there is a difference there. there was a difference about whether or not we should be looking at the social security issue in this discussion. my understanding now the republicans have backed off now, correct, and we are looking at whether or not we are going to end up with deficit and debt reduction and whether or not the changes the republicans are insisting upon are going to comes on the backs of the middle class. >>
and this was all supposed to be an exercise in bringing down our deficit and our long-term debt and where we are right now, it doesn't appear that we are getting that done and even more importantly, it appears that republicans are still trying to protect the tippy top as opposed to looking after the greater good of the economy and middle class families. >> as far as you-all were told by the democratic leader, where do you think stands -- things stand right now? >> i think that there...
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Dec 27, 2012
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health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >> absolutely. absolutely. once you know, once the boehner plan "b" collapsed, all we got was a notification, you can go home. we'll call you when we're ready. boehner's got to get off -- the majority of the majority must agree to something. it's going to take democratic votes to pass a tough fiscal compromise and unless there is inclusion and discussion on both sides of the aisle about this issue, that compromise gets tougher and tougher. >> thank you for coming "outfront." >> appreciate it. thank you. >> now, on the other side of the aisle. republican congressman of wisconsin. congressman, you just hea
health care, the biggest add to our deficit in this country is rising health care costs. do we need to tangle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work for an agreement? >>...
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Dec 23, 2012
12/12
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my views will never fix the deficit soccer in the dirt. [applause] so therefore you shouldn't take my word for it. you should take the word for the people who are experts on the economy. and here's our product. you are the first to see it. so we published a book, "the 4% solution." jim is going to introduce many of the folks who are here who have written some of the chap verse. and then brendan miniter come in the very able editor at the bush summer will be conduct in the panel. if you please welcome jim glassman, founding executive director of the george w. bush institute and has led us nobly in her first 18 months of existence. for practice have you here. it's for coming. [applause] >> thank you, president bush. panelists may. president bush talk to you about what we are doing in africa. one of the waste to sum up what the bush institute does is advancing freedom. you can't be free if you're sick. he can't be free either if you live in a society ruled that the gators as the people of our brand or syria or cuba do. but the freedom collect
my views will never fix the deficit soccer in the dirt. [applause] so therefore you shouldn't take my word for it. you should take the word for the people who are experts on the economy. and here's our product. you are the first to see it. so we published a book, "the 4% solution." jim is going to introduce many of the folks who are here who have written some of the chap verse. and then brendan miniter come in the very able editor at the bush summer will be conduct in the panel. if...
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Dec 28, 2012
12/12
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when you think about it, the deficits cast, over a trillion dollars for e next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the bld is not responsible about their duty is being fiscal managers for the united states. when you think about that, $20 trillion in four years. if you paid off a dollar a second you're talking about 670,000 years to pay is tough. the response is impractical, and when you look at the biggess growth which is entitlements and think about the dynamic shift in the demographics, people are geing older, livi longer, the costs attributed to that with less workers, our population is not growing at much to mike catastrophic. if they don't do something realistic to curb spending problem. lou: as of tonight it looks like there is nothing ealistic going on in washington d.c. imagine that. it is s money and where it goes. you heard me talk for years about importae of our middle class and respect for those who work. no matter what the job. next, a terrific author wse new book celebrates the workers of what sh
when you think about it, the deficits cast, over a trillion dollars for e next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the bld is not responsible about their duty is being fiscal managers for the united states. when you think about that, $20 trillion in four years. if you paid off a dollar a second you're talking about 670,000 years to pay is tough. the response is impractical, and when you look at the biggess growth which is...
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Dec 25, 2012
12/12
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KICU
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unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii for christmas. he says he will cut his vacation short to try to hammer out a deal with republicans. i'm andrew spencer reports. >>> fears over if fiscal cliff dampened hopes on the stock market. >>> on the heels of a public outcry, instagram has been hit with with their first civil lawsuit. the first action suit filed in criminal court friday stems from the company's proposal to change its terms of service. an instagramish user leveled claims against the company. instagram claims the complaint is without merit. >> thousands gather to celebrat
unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most...
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Dec 30, 2012
12/12
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we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a feeling uncertainty may be the new normal. our business leaders are going to have to figure out a way to make money in a less certain environment. that's going to be difficult for those who have traditionally had -- known what they were dealing with, but i am not certain going forward that's going to be the way we will see our government operate. here we are just a few days before we go through the cliff, and there's no evidence we're anywhere near a deal. i just think that once we get passed the doomsday date of january 1st, we will see that the sun will still come up and we will figure o
we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and the middle class will have to deal with fewer programs and the middle class will have to give away subsidies in exchange for a lower tax rate, but swrae to move forward and create more jobs and grow the economy because the only way to head the recovery. >> i want to pick up on the word certainty, and i have a...
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Dec 23, 2012
12/12
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it takes a huge bite out of the deficit, but on balance neither side wants to do that today, but, you know, for republicans it's a tougher pill to swallow. many suggest if you go over the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center. the blueprint for how we move on. these two guys took on a task that was a fool's errands we thought, what happens to the commissions, nothing. we go back to them. >> let's talk about the die nam in this case between senator reid and mcconnell. can they come up with something up with something that the senate would pass and also something the house would pass? >> they have to try by new year's eve here. >> three days, four days. >> interesting that senator reid said he would like neal abercrombie to appoint the replacement for daniel anyway. reid thinks he'll need that vote. they'll probably move it, but we
it takes a huge bite out of the deficit, but on balance neither side wants to do that today, but, you know, for republicans it's a tougher pill to swallow. many suggest if you go over the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center....
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for india eighty percent of their deficit is caused by. gold imports well the indian population is doing what i've been telling people around the world to do by buying silver crash j.p. morgan so the ending folks are buying gold to crash the bank starts in india people around the world should be buying silver to crash j.p. morgan buy gold and silver to crash the banks or because if they're above the law and no one is going to go after them and they are given a remit to commit massive fraud and financial terrorism then it's up to everyone in the world and the indians are leading the global charge on this i commend you india continue to build your gold hoard kill the banks turns off yeah and finally you know on this that one of the reasons why they give for why they store twenty five thousand tons of gold is because there's the government doesn't take care of them there is no social security system but here we have a false illusion that the government is somehow going to take care of us even though all the evidence is there that they only ta
for india eighty percent of their deficit is caused by. gold imports well the indian population is doing what i've been telling people around the world to do by buying silver crash j.p. morgan so the ending folks are buying gold to crash the bank starts in india people around the world should be buying silver to crash j.p. morgan buy gold and silver to crash the banks or because if they're above the law and no one is going to go after them and they are given a remit to commit massive fraud and...
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Dec 26, 2012
12/12
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. >> last year we were in a deficit situation and we really needed to make up some ground. so luckily we have a lot of ground water storage capacity. we maintained that throughout this year and this series of storms has really helped us with our surface water storage. >>> right now lexington reservoir off highway 16 is 16% full. yubas is 17% full and the largest anderson reservoir is 41% full. >>> in oakland police are investigating multiple shootings including a homicide which happened this afternoon. neighbors near 24th street and chestnut neck west oakland, they heard multiple gunshots at about 2:30, our photographer accounted a total of 20 shell casings on the ground at two different crime scenes in the area. we are told that the victim is a man but his name has not been released there is no word on suspects or arrests. >>> in oakland they're investigating a shooting that injured two inside of a church. they were shot by stray bullets around 9:00 last night. most people are in stable condition right now. police say they have no suspects at this time. >>> a 24 hour strik
. >> last year we were in a deficit situation and we really needed to make up some ground. so luckily we have a lot of ground water storage capacity. we maintained that throughout this year and this series of storms has really helped us with our surface water storage. >>> right now lexington reservoir off highway 16 is 16% full. yubas is 17% full and the largest anderson reservoir is 41% full. >>> in oakland police are investigating multiple shootings including a...
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Dec 27, 2012
12/12
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FOXNEWSW
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we don't have a short-term deficit problem. we have a jobs and growth problem and we have a faltering recovery. we should put off the sequester. put off this grand bargain. come back. let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budgetffice and any number of conservative economistst that this is serious. that we have got to get this thing done that we have got to get it in order. or at some point america's full faith and credit is going to go away. we are not going to look so good to the rest of the world as far as credit risk. so let's talk to you about this. is this a manufactured media crisis or does something substantial need to be done here? >> well, i certainly think that the fiscal cliff, tha
we don't have a short-term deficit problem. we have a jobs and growth problem and we have a faltering recovery. we should put off the sequester. put off this grand bargain. come back. let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is...
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Dec 26, 2012
12/12
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christmas should be a day of joy and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in the new york area, still without homes because of hurricane sandy, volunteers tried to deliver holiday spirit, handing out food, toys and blankets at relief centers. >> people came out to help people. you can't put a price on that or buy that either. >> reporter: in places spared direct tragedy americans marked it with their own ways keeping those less fortunate in their thoughts. >> when people are suffering and going through hardship, many, many people come to offer their help in whatever they can do. >> reporter: across the nation, americans attended church services and spent time with family and friends. at the mitchell home out
christmas should be a day of joy and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in...
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Dec 24, 2012
12/12
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FBC
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it's not going to come anywhere near reducing the deficit by a trillion dollars. if you do this tax increase on the rich, you maybe raise 40 billion dollars a year. that's not nothing, but 40 billion dollars over a year over ten years that's 400 billion. we're running a trillion dollars deficit. this is not a solution and not serious. that's why it always comes back to dealing with the spending side of the aisle because that's where the deficits come from. dagen: last thing, steve, what about the fate of house speaker john boehner because there's a lot more at play than just raising taxes on people who make more than a million dollars with what we saw happen last week? >> yeah, you know, i have always been a fan of john boehner's. i've known him for 20 years. i think he's a strong conservative. he's got a bit of a conservative revolt on his hands dagen. any time you have a high-profile issue like this and you are about to bring to it the floor and you have a revolt among your own members of your own party, that's a bad thing if you want to retain your speakership.
it's not going to come anywhere near reducing the deficit by a trillion dollars. if you do this tax increase on the rich, you maybe raise 40 billion dollars a year. that's not nothing, but 40 billion dollars over a year over ten years that's 400 billion. we're running a trillion dollars deficit. this is not a solution and not serious. that's why it always comes back to dealing with the spending side of the aisle because that's where the deficits come from. dagen: last thing, steve, what about...
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Dec 25, 2012
12/12
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KTVU
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unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii for christmas. he says he will cut his vacation short to try to hammer out a deal with republicans. i'm andrew spencer reports. >>> fears over if fiscal cliff dampened hopes on the stock market. >>> on the heels of a public outcry, instagram has been hit with with their first civil lawsuit. the first action suit filed in criminal court friday stems from the company's proposal to change its terms of service. an instagramish user leveled claims against the company. instagram claims the complaint is without merit. >> thousands gather to celebrat
unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most...
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Dec 28, 2012
12/12
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WRC
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insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines, they sit down and they are discuss things, and then things happen. the notion that our elected leadership can't do the same thing is mind-boggling to them. it needs to stop. so i'm modestly optimistic that an agreement can be achieved. nobody will get 100% of what they want, but let's make sure middle-class families and the american economy, in fact the world economy, aren't adversely impacted. thank you very much, everybody. >>> right now at 6:00, president obama just wrapped up a news conference in which he said he i
insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. it shouldn't be that heart since democrats and republicans both say they don't want to see taxes go up on middle-class families. i just have to repeat. outside of washington, nobody understands how it is that this seems to be a repeat...
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Dec 30, 2012
12/12
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CNNW
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it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans that might be an avenue of success? >> there -- those conversations and discussions continue. and we remain hopeful that that will get a breakthrough. on veryiously, what had happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counteroffer to the proposal republicans made last night. so hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on, hopefully today or tomorrow that will avert what we believe will be an economic di
it ought to be about reducing the deficit and the debt and what they are essentially suggesting is we want new taxes, we want higher taxes on people in this country to pay for new spending. >> senator, senator mcconnell has spoken a couple times with the vpz. we have seen in the past that the two of them have been able to come up with bipartisan deals to get through congress on taxes and other things. did he give you an indication in the meeting you just had with rank and file republicans...
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Dec 28, 2012
12/12
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WRC
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go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday morning. david gregory will interview president obama exclusively just hours before the fiscal cliff deadline. "meet the press" airs at 10:30 on monday morning. >>> police locked up tonight after a brazen crime spree. as jack write benson reports, one of the victims had choice words for those who were arrested. >> reporter: the occupants of this stolen car are -- i'm okay now. i just thank god he didn't hurt me. >> reporter: when sharon gardner first saw this nissan maxima, it was speeding away from the bp gas station with the man who had just stolen her purse in the backseat. >> i was in between vacuuming my car out. i was going from
go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday...
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Dec 28, 2012
12/12
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WTTG
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eye 83
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insurance is still available for 2 million people and that lays the groundwork then for additional deficit reduction in and economic growth steps that we can take in the new year. let's not miss this deadline. that is the bare minimum we should be able to get done. it shouldn't be that hard, since democrats and republicans both say they don't want to see taxes go up on middle class families. i just have to repeat, you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them and it needs to stop. so, i am modestly optimistic an agreement can be achieved. nobody's going to get 100% of what they want but let's make sure that middle class families and the american economy, in fact, the world economy are not adversely impacted because people can't do their jobs. all right. than
insurance is still available for 2 million people and that lays the groundwork then for additional deficit reduction in and economic growth steps that we can take in the new year. let's not miss this deadline. that is the bare minimum we should be able to get done. it shouldn't be that hard, since democrats and republicans both say they don't want to see taxes go up on middle class families. i just have to repeat, you know, outside of washington, nobody understands how it is that this seems to...
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Dec 30, 2012
12/12
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CNNW
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it's trying to cut the deficit. >> right, the cuts that everyone is talking about that are in the sequester, those have already been decided and those are in the bank, but as you lk to change current law, the tax cuts expire tomorrow. to replace a bunch of them, to find new revenue and then not continue to cut does not get us out of our hole. so that's the problem. is we're looking at a very small band aid that doesn't get us through the next hurdlhurdle. it keeps us as a fiscal precipice that we've been trying to get out of for 17 months. >> you heard the words used by mitch mcconnell and harry reid, do you see this as a breakdown? or is it just more brinksmanship? >> as you know, even the most distant viewer observer far away from washington would know that these are never resolved before the absolute last-minute. so to get anything resolved today would be surprising. i think people are pushing on both sides of the bargaining table. asking for a little more, a little more. there's going to have to be more budgeting. but it is a good sign as was mentioned before. that the vice president is
it's trying to cut the deficit. >> right, the cuts that everyone is talking about that are in the sequester, those have already been decided and those are in the bank, but as you lk to change current law, the tax cuts expire tomorrow. to replace a bunch of them, to find new revenue and then not continue to cut does not get us out of our hole. so that's the problem. is we're looking at a very small band aid that doesn't get us through the next hurdlhurdle. it keeps us as a fiscal precipice...
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Dec 29, 2012
12/12
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CNNW
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but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is infectious. his daughter is now collecting cans at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff. but they say that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> back in a moment. it's lots of things. all waking up. connecting to the
but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is...
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Dec 27, 2012
12/12
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CNNW
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but the revenue will barely make a dent in the deficit. is this president has put on the table quite an extraordinary amount of spending cuts to the shagrin of democrats i might add let's remember that this president has never walked away from the bargaining table. republicans will get the blame but does that mean that we shouldn't try? >> no. americans are the ones that are going to be hurt if the middle class families. there is a bill where the house could pass it to protect the majority of america's middle class families. which is a worse fate or voting to increase taxes on wealthy americans. they can come back and cut taxes in the new year and look good. >> it is not what looks worse. it is what is worse for the american people? >> doesn't that seem to be what they are worried about? >> to your point about tax increases, what we are looking at now, it is like a mortal wound gushing out of our chest. they come along and put a ban dade on our forehead. we need to not just raise taxes. if we give the president every tax increase that he w
but the revenue will barely make a dent in the deficit. is this president has put on the table quite an extraordinary amount of spending cuts to the shagrin of democrats i might add let's remember that this president has never walked away from the bargaining table. republicans will get the blame but does that mean that we shouldn't try? >> no. americans are the ones that are going to be hurt if the middle class families. there is a bill where the house could pass it to protect the...
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Dec 30, 2012
12/12
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CNNW
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the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a patch with less than 36 hours to go. >> and don, this is the problem, something is the going to hurt. we can't get out with no pain, and we have all sorts of things and nobody wants to pay for it, don. >> you two are fired up, too. and the people at home are too, right. >> and 516 days since we knew that the deadline would come. >> and right at the deadline, and they are going home. >> right. and we are not. >> we are not. we will be here until who knows. okay. a stalemate or breakthrough? with hours to go, lawmakers are searching for a compromise. what are the chances of reaching a deal in was
the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a...
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Dec 27, 2012
12/12
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CSPAN
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theses why we're getting massive deficits today. we have never had anything like this without a major war. you can rightly wrap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to read and counto account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, which your flat tax treat capital gains as income? guest: my proposal would not. if you get the rate low enough, that would be a compromise i would be happy to make. that is a kind of conversation we should be having, how we get the rate as low as possible. if you get that very low rate, i will be a supporter of it. host: independence day tweets in, are you telling us you will stop investing if capital gains rate goes up to equal the ordinary income rate? guest: it is not a matter what we do in our own business, media has gone through a real convulsion. in terms of when you make an investm
theses why we're getting massive deficits today. we have never had anything like this without a major war. you can rightly wrap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to read and counto account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, which your flat tax treat capital gains as...
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Dec 27, 2012
12/12
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FOXNEWSW
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and so the deficit increased rather than declined. so it went from 220 billion in 1990 to 269 billion in 1991, 290 billion in 1992. i think that's directly relevant today because i think the obama tax increases are more likely to lose revenue rather than to gain revenue. for example -- >> clayton: we know what happened with president george h.w. bush, read my lips, no new tax and ended up going forward with some of those tax increases to part of the negotiation and democrats didn't come forward with entitlement cuts that were enough to actually counteract some of those tax increases. could we be seeing the exact same thing today? >> well, yes. for example, one big tax increase in the obama tax increase package is the capital gains tax rate is going to go up 58% on the higher income taxpayers. and so now in the last 50 years, every time the capital gains tax rate has been raised, capital gains revenues have declined rather than increased. and every time the capital gains tax rate has been cut, capital gains revenues increased rather th
and so the deficit increased rather than declined. so it went from 220 billion in 1990 to 269 billion in 1991, 290 billion in 1992. i think that's directly relevant today because i think the obama tax increases are more likely to lose revenue rather than to gain revenue. for example -- >> clayton: we know what happened with president george h.w. bush, read my lips, no new tax and ended up going forward with some of those tax increases to part of the negotiation and democrats didn't come...
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Dec 23, 2012
12/12
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WMAR
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we don't have a short-term deficit problem. we have a jobs and growth problem and faltering recovery but we should put off the sequester, put off this grand bargain, come back, let the bush tax cuts expire, make sure the middle class -- >> off the cliff. >> the cliff is a manufactured media drama but the largest point is to say that the left are progressives supporting the great reforms of -- >> i would -- sflrs at a time when the richest are -- >> i would discount that maybe but on january 2nd when everyone's taxes go up, it may not feel manufactured but real. >> that's the point and this is what folks don't understand. where she's making a strong point is we're taking this, this incredible mallet and smash america and the people who will suffer are those in my community who want to go to college and lose avenues about how to do that, about the fbi agents cut that are protecting our borders and our nation from a challenge. people will be cut out on programs that support the poorest americans get access to healthy food and this
we don't have a short-term deficit problem. we have a jobs and growth problem and faltering recovery but we should put off the sequester, put off this grand bargain, come back, let the bush tax cuts expire, make sure the middle class -- >> off the cliff. >> the cliff is a manufactured media drama but the largest point is to say that the left are progressives supporting the great reforms of -- >> i would -- sflrs at a time when the richest are -- >> i would discount that...
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Dec 22, 2012
12/12
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CNNW
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the reality is we're running deficits upwards of $1 trillion, which we simply can't afford. we've got $16 trillion worth of debt. if we go through this cliff, it will force our country to have to cut spending. on the flip side, it means higher taxes out of everyone's pocket at a time when the economy is still on fragile ground, showing some signs of recovery. we've got some good ones this week, randi, but still on fra g fragile ground and people are worried if surm consumers have less money to spend it will take a toll on this economy. >> i know you're reading the tea leaves. what are they telling you? will we have a deal in time? >> it's interesting. about 66% of investors pulled by uvs, the swiss bank, say that they believe a deal will happen. i can tell you the people i talk to on my show every day, they're placing bets one way or the other. the majority think there's a real good chance that we blow right through this. that we actually go right through it and they're hedging their bets in the investment community. they're not confident that the lawmakers will get it done
the reality is we're running deficits upwards of $1 trillion, which we simply can't afford. we've got $16 trillion worth of debt. if we go through this cliff, it will force our country to have to cut spending. on the flip side, it means higher taxes out of everyone's pocket at a time when the economy is still on fragile ground, showing some signs of recovery. we've got some good ones this week, randi, but still on fra g fragile ground and people are worried if surm consumers have less money to...
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Dec 27, 2012
12/12
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FOXNEWSW
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lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can'
lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed...
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Dec 29, 2012
12/12
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WTTG
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deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two year increase. >> the president did put that on the table and the republicans reject that. the real issue here is there going to be a self-inflicted wound to the economy? the uncertainty here. either way taxes on the wealthy are going up. they'll go up under a deal approved in the last hours which may or may not happen or if it doesn't, there's no deal, then we go over the so-called cliff and the tax goes up there. so either way taxes are going up. >> if the president wanted a deal on entitlements, all he has to do is raise the age from social security to 65 to 67, maybe 68. that solves the entire problem. the president won't deal on that. >> it's a separate issue with its own trust fund. that could be solved fairly easy. you're right about that. it's medicare that's the bigger problem. >> if they agreed to that either raising th
deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two year increase. >> the president did put that on the table and the republicans reject that. the real issue here is there going to be a self-inflicted wound to the economy? the uncertainty here. either way taxes on the wealthy are going...